Alibaba's shares jump after it lands a major customer for its AI chips

TL;DR


Summary:
- Alibaba, a major tech company, has developed its own AI (artificial intelligence) computer chips and has landed a major customer for these chips.
- The customer is Baidu, another large tech company in China, which will use Alibaba's AI chips in its cloud computing services.
- This partnership between two leading tech companies in China shows the growing importance of AI technology and the development of specialized hardware like AI chips to power AI applications.

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